Peak Planning Group LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,720 shares of the company’s stock, valued at approximately $676,000.
A number of other institutional investors have also recently made changes to their positions in PG. Cardano Risk Management B.V. raised its stake in Procter & Gamble by 1,104.8% in the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock worth $1,364,518,000 after acquiring an additional 8,731,126 shares during the last quarter. Martingale Asset Management L P raised its stake in Procter & Gamble by 8.9% in the 4th quarter. Martingale Asset Management L P now owns 222,081 shares of the company’s stock worth $31,826,000 after acquiring an additional 18,161 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Procter & Gamble in the 4th quarter worth $1,214,000. Van Lanschot Kempen Investment Management N.V. raised its stake in Procter & Gamble by 8.1% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 182,466 shares of the company’s stock worth $26,149,000 after acquiring an additional 13,619 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Procter & Gamble in the 4th quarter worth $13,131,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
Shares of Procter & Gamble stock opened at $149.47 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The business has a 50-day moving average price of $144.63 and a 200 day moving average price of $147.70. The firm has a market cap of $348.04 billion, a PE ratio of 21.85, a P/E/G ratio of 6.45 and a beta of 0.39.
Procter & Gamble Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $1.0885 dividend. The ex-dividend date was Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PG. TD Cowen raised their target price on Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. The Goldman Sachs Group reduced their target price on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Wells Fargo & Company raised their target price on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Bank of America reduced their target price on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.78.
Check Out Our Latest Report on PG
Procter & Gamble Profile
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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